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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Denial of exemption u/s. 11 - all kinds of acquiring knowledge ...

Income Tax

November 21, 2018

Denial of exemption u/s. 11 - all kinds of acquiring knowledge may not come within the term “education” - The assessee cannot be considered to be an educational trust within the meaning of section 2(15) of the Act. Therefore, it is not entitled for exemption u/s. 11 of the Act.

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